This report covers the impact of rising oil prices due to US-Iran tensions and the market's anticipation of US CPI data. It also analyzes Fed Governor Waller's recent hawkish comments and highlights strong trade figures from China.
Key Takeaways
- 1.Escalating US-Iran tensions have pushed oil prices into the $80s, creating market pressure and complicating the economic outlook.
- 2.US CPI data for June is viewed with skepticism regarding its signaling power, particularly concerning Fed Governor Waller's recent hawkish stance.
- 3.China reported strong export growth of 27% year-over-year, significantly exceeding consensus expectations.
Table of Contents
- On Deck for Tuesday, July 14th
- KEY POINTS
- US CPI — OVERSTATED SIGNIFICANCE
- CHAIR WARSH'S FIRST OF TWO DAYS OF TESTIMONY
- SOLID START TO US EARNINGS SEASON
- CHINA'S EXPORTS SOAR
- HOW SERIOUSLY SHOULD WE TAKE GOVERNOR WALLER'S SUDDEN HAWKISHNESS?
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Authors
Derek Holt
Securities
WTI CrudeGS
Themes
Fed Policy CredibilityGeopolitical Risk
Regions
Asia PacificEuropeUnited StatesIranChina